Basic Profile & Key Statistics Starhill Global REIT (SGREIT) invests in Retail and Office properties. The majority of its income is from Singapore properties. Lease Profile Occupancy is healthy at 96.2%. WALE is long at 5.6 years. From the latest presentation, 53.4% of the lease will be expiring in FY23/24 and beyond without breakdown, if we consider before FY23/24, then the highest lease expiry of 15.8% falls in FY20/21. Weighted average land lease expiry is moderate at 63.42 years. Debt Profile Gearing is slightly high at 39.7%. Cost of debt is high at 3.2%. Fixed-rate debt % is slightly high at 87.4%. Unsecured debt % is moderate at 75.6%. Interest cover ratio is low at 2.9 times. WADE is moderate at 2.7 years where highest debt maturity of 32% falls in FY22/23. Diversification Profile Although SGREIT has multiple properties in multiple countries, it is not diversified enough. Top geographical contribution is slightly high at 63%. Top property, top tenant, and top 10 tenants contribution are high at 34.1%, 22.3%, and 56.8% respectively....